CHARENTON-LE-PONT, France and SCHIPHOL, the Netherlands—EssilorLuxottica and GrandVision N.V. jointly announced yesterday that, considering that EssilorLuxottica now holds more than 95 percent of the issued and outstanding shares in GrandVision, Euronext approved the delisting of the shares from Euronext Amsterdam. In consultation with Euronext, the companies said it has been decided that delisting will take place on Jan. 10, 2022 and the last trading day of the shares will therefore be Jan. 7, 2022. They noted that terms not defined in the press release will have the meaning as set out in the offer memorandum.

The settlement process for the tendered shares was expected. As VMAIL reported last week, the company stated that, and coupled with the shares EssilorLuxottica acquired in the previously completed transaction with HAL Holding for its GrandVision ownership stake, EssilorLuxottica now holds total interest of 99.73 percent in GrandVision.

The post-acceptance period started on Dec. 7, 2021, at 09:00 hours CET and will end on Dec. 20, 2021 at 17:40 hours CET. EssilorLuxottica will publicly announce the results and the total amount and total percentage of shares held by it in accordance with Section 17 paragraph 4 of the decree no later than on the third business day following the last day of the post-acceptance period.

EssilorLuxottica completed its transaction with HAL Holding in July for its 76.72 percent ownership interest in GrandVision from HAL Optical Investments, a wholly-owned subsidiary of HAL Holding, as VMAIL reported. The deal was valued at about $8.7 billion.